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Cable Update (GBPUSD)

  • #66,201
  • May 15, 2008 7:07am May 15, 2008 7:07am
raft of U.s data due starting 1230pm gmt as Dly Pivot area 9428-32 area provides resistance on a test from the underside, coinciding with the then 23.6% fib of the fall from 9501 current intraday highs.
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  • #66,202
  • May 15, 2008 7:07am May 15, 2008 7:07am
Hi, how long until the news come out?
  • #66,203
  • May 15, 2008 7:07am May 15, 2008 7:07am
There are likely to be many stops in the 9430 - 9450 area so I think a break below here will probably result in us arriving at 9300 fairly sharpish.
  • #66,204
  • May 15, 2008 7:11am May 15, 2008 7:11am
Eve. Star on the 5 Min and Shooting star on the 15 and a huge Bearish engulfing formation on the 4 Hr...... Now after all this, watch it go straight up. Now testing M2
  • #66,205
  • May 15, 2008 7:22am May 15, 2008 7:22am
Well of course it's going to go up now. Nav closed his longs! Just kidding, Nav. I'm glad to see that you cut that anchor from your neck.

Quoting hard1head1
Eve. Star on the 5 Min and Shooting star on the 15 and a huge Bearish engulfing formation on the 4 Hr...... Now after all this, watch it go straight up. Now testing M2
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  • #66,206
  • May 15, 2008 7:28am May 15, 2008 7:28am
Quoting ciscoguy
Well of course it's going to go up now. Nav closed his longs! Just kidding, Nav. I'm glad to see that you cut that anchor from your neck.

yes buddy it probably will go up now but....cut the loss breakeven on where i was 2 weeks back so it isnt a train smash...i learned a hell of a lot just holding the position...
  • #66,207
  • May 15, 2008 7:28am May 15, 2008 7:28am
Bummer, was hoping it would go down
  • #66,208
  • May 15, 2008 7:35am May 15, 2008 7:35am
Quoting hard1head1
Bummer, was hoping it would go down
It tried to test yesterday's low, but no.
  • #66,209
  • May 15, 2008 7:42am May 15, 2008 7:42am
Quoting hard1head1
Bummer, was hoping it would go down
Wait, be patient...they're setting it up. It needs to be strong, and they're giving a bit of space
The quality of your life is brought about by the quality of your thinking.
  • #66,210
  • May 15, 2008 7:43am May 15, 2008 7:43am
Hmm, negative USD news but no reaction? must be waiting for the next batch.
And i just noticed Bernanke's talking later - should provide some volatility - although he hasn't been giving away too much lately.
  • #66,211
  • May 15, 2008 7:44am May 15, 2008 7:44am
Quoting AmeriTrini
It tried to test yesterday's low, but no.
It tried on a couple of occassions, looks like some strong support there.
  • #66,212
  • May 15, 2008 7:52am May 15, 2008 7:52am
cable currently stuck in wedge... sold off from 50% fibo very nicely 19496

bounced off red trend line just there
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Trading is 80% Emotional, 20% Technical
  • #66,213
  • May 15, 2008 8:03am May 15, 2008 8:03am
OK, lets go
  • #66,214
  • May 15, 2008 8:05am May 15, 2008 8:05am
Quoting hard1head1
OK, lets go
go where?
  • #66,215
  • May 15, 2008 8:06am May 15, 2008 8:06am
dont forgot big ben berwanke speaking 3.30 uk time also, he usually bad for dollar....
Trading is 80% Emotional, 20% Technical
  • #66,216
  • May 15, 2008 8:07am May 15, 2008 8:07am
Quoting hard1head1
OK, lets go
tempted to go long again but rather wait for this congestion to clear, slow day huh bro?
  • #66,217
  • May 15, 2008 8:11am May 15, 2008 8:11am
Quoting fx local
dont forgot big ben berwanke speaking 3.30 uk time also, he usually bad for dollar....
if he so much as talks about not cutting rates anymore dollar is gonna hit the sky
meaning cable will fall.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,218
  • May 15, 2008 8:12am May 15, 2008 8:12am
Quoting salah k.
if he so much as talks about not cutting rates anymore dollar is gonna hit the sky
meaning cable will fall.
dont mind me guys
i was only day dreaming
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,219
  • May 15, 2008 8:32am May 15, 2008 8:32am
No position, nothing setting up either direction.....

The quality of your life is brought about by the quality of your thinking.
  • #66,220
  • May 15, 2008 8:38am May 15, 2008 8:38am
30M chart might be forming an evening star. Anybody else see it?
Expected the unexpected
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